Question

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100 points
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Explain the features of management?

Answer 1

Management :- Controlling buisiness, activities or any organisation.

Features are :-

• Aim of Management is to maximize the profit It plays an important task in facing business risks and successful running of the business activities.
• Pervasive of  Management is universal in nature. It is used in all types of organizations and activities whether the economic of social or political irrespective of its size, nature and the location and at each and every level.
• Dynamic function it has to adapt according to need, time and situation of the changing in the business environment. For example McDonalds made major changes in its ‘Menu’ to survive in the Indian market because most of the people in India are vegetarian.
• Multidimensional as to involves management of work, people and operations.
• Goal oriented Process It is a goal oriented process which is use to achieve specified and desired objectives by proper utilization of available resources for the activity.

Answer 2

ANSWER

1. Management is the combined or interchanged process of planning, decision making, organizing, leading, motivation and controlling the human resources, financial, physical, and information resources of an organization to reach its goals in an efficient and effective manner.